Here are the home sale stats for the County of Santa Clara, California. Home of Silicon Valley.

This first chart is for Single Family Homes. This type of home does not share any interest with any other properties. Looking over the stats, inventory continues to drop, but not rapidly. Pending sales are also slowing, as are closed transactions. This seems to be a normal sales pattern as we head toward winter. Inventory is lower than last year, which can tighten the market.

This chart is going over condo/town home market. Inventory in this type of dwelling is dropping, and pendings are staying steady... This would seem to indicate that this market is tightening. Sales are staying steady, so this market would look as if it were a sellers market.

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